Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $5.06, for a total value of $126,500.00. Following the sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Silvaco Group Stock Performance
SVCO stock opened at $5.07 on Friday. The company has a market cap of $145.37 million and a P/E ratio of -3.23. Silvaco Group, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $21.59. The stock's 50 day simple moving average is $7.24 and its 200 day simple moving average is $9.10.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Craig Hallum cut their target price on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. TD Cowen cut their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $18.00 target price on shares of Silvaco Group in a research report on Thursday, March 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a research report on Thursday, March 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $19.17.
Get Our Latest Stock Report on Silvaco Group
Institutional Trading of Silvaco Group
Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Silvaco Group in the fourth quarter worth approximately $25,000. New York State Common Retirement Fund bought a new position in shares of Silvaco Group in the fourth quarter valued at approximately $81,000. Aristides Capital LLC bought a new position in shares of Silvaco Group in the fourth quarter valued at approximately $86,000. Nebula Research & Development LLC bought a new position in shares of Silvaco Group in the fourth quarter valued at approximately $113,000. Finally, Centiva Capital LP bought a new position in shares of Silvaco Group in the third quarter valued at approximately $145,000.
About Silvaco Group
(
Get Free Report)
Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.
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